Oh my blog goes crazy which i lost all the contenst before post!!! 🙁
Oh the market goes crazy this week which i lost a lot of profit!!!! 🙁
Hey its been the third week for trade game which i find out it more and more interesting even though i still cant predict the market well and my profits are quite fluctuated as always!!!But i believe its the art of trade game and its how it attracts you!!I went out with friends last night,when i was back,the first thing i did was to check price and my profits even before talking to parents and my boyfriend(now hes like:ohh trade game is my new enemy?):P
This week,i was not lucky to right bid to the point.I thought price would went down to bid short,but price went up in the end.I bid long to cover my loss but it turned out to decrease!I shouldnt say i gained 10,000bucks in Jims class since i lost them all in this week!But im happy i still have 26515 margin balance!
My weakness and goal:This week,i didnt make a lot progess in analysing market based on news,i still feel like its soo overwhelming.What confused me more is in the same day news, ones talking about price decreasing based on some REALLY PROFESSIONAL FACT.Immediately the next news talks about price increasing!So i totally at a loss and dont know which one to rely on! Also i found out i lack sooo many knowledge in something like currency,inflation deflation factor,basically when i read news,my mind thinks about supply and demand automatically which blind other factors…Also what i learned in Jims class open another way to predict price which makes me more confused.And i feel panic about knowing the hole of lacking knowledge….sooo many strange concepts….So what i should strengthen next week is combined basic knowledge with the ability to analyse market based on news..I think it will take me a loooooong time.
Some ideas to share:I think to be a risk averse,when u cant predict the market well,you can hold your contracts well,one thing is dont hold too many at one time…I never hold long or short contracts more than 5..Second,i dont offset the same number,which in my contracts,i have long and short ones at the same time:)
A lilttle analysis about market:This is my first time to write analysis here(just dont wanna mislead classmates haha)which im not sure if its right or not,so i hope my classmates can leave a comment 🙂
Corn: Corn inventory drops less due to the fact that farmer substitute to wheat for livestock feed.Ethonal from corn decreases since corn price was high due to bad weather.So corn price would decrease.
Soybean:EU debt crisis escalate,reduce global soybean demand,im totally a green hand on this,but i see “reduce demand”so i think soybean price would decrease too.
Wheat:rain in Australia contributes to wheat harvest,however,in the meantime,dryness from La Nina US cut down production.Turn to export issue,bumper Australia harvest confront the state with a chanllenge to find export homes,also balck sea extend an obstacle to export which is a potentially large wheat volume export place.In this way,wheat price is hard to predict then.
I didnt post calculation since i had a full blog about it last week.I hope my blog looks more professional with MORE ANALYSIS:)
T.G.I.F!!!have a lovely weekend!!!
YAHHHHH!:)
F
Don’t go crazy Fancy! Yoour blog is always very unique and different from others. Keep it up!
heyyy i just read ur blog yiyi! i think ur getting more and more confident about ur trade game!
yes.lets try to avoid all the mistakes and to be more professional next week!goooood luck!
Nice blog and u really make many profits~~~I have the same confusion with u in how to pick up the useful information from different opinions…U can always find some predict the price go down, also u can always find someone predict the price go up…..However u make money and I lost money…=。=I must stop the trend and avoid to be negative…..
haha lulu,who said im making money!!i lost a lot too!even tho its fake money:)
seem everyone complains about the fluctuated market!lets calm down,otherwise we wont sit in classroom,instead,we will be in CBOT!!!good luck!
Hey, Fancy, according to your three weeks’ blogs, u seems to get better and better…I mean not only for trading game, but also for other things like you can more deeply understand how the futures market works… Good luck next week…
Thank you Deron!
I also read ur blog,i can also tell ur progress from the last 3weeks blogs!Lets keep it up!good luck to earn more and more fake money!!!yah!
HEYYYY~ aww you sound so enthusiastic, but also sad at the same time cuz you lost so much money. But hey, at least you are still int he positive balance hahha
I love your little comments about your personal life (i.e family and boyfriend) hahaha you are hilarious!
But i agree with you because i mainly look at supply and demand as well, in which i tend to neglect the other factors such as weather and exchange currency. I can never get my head around the currency concept, its still really confusing for me. Sometimes i feel like i understand it, but i actually dont, its very sad. I think we should both learn to look into those concepts as US currency plays a big role in commodity prices. =)
U said u think that i am not risk averse in my blog because i bid many contracts, hahah, i actually am! but i guess i am less now, and i’m greedy, i wanna make more money! hahah…but also because this is, in the end, a simulated game and a learning process, so i decided to step out of my comfort and bid more. I thin this is the best way to learn, and we don’t have to worry about real money, so take this chance to go for it and try out different bidding techniques, then u can get ready for the real world and become a millionaire. $$
As u can see, i increased my contracts this week but i usually never go for 5 at a time. Usually, for example, i would got 3 short contracts, but if prices seem to go up again, i can offset with 5 long contracts. This way i can always offset, but also make more, lose less.
GOOD LUCK NEXT WEEK!
Caroline!!!!!!!!!!!!!!!!! Its sooooo nice to see ur comment here!!!!:)
haha its ture.now trade game is like a new member for my life!!
yes i think ur right,we shouldnt care too much about gaining or losing(but trust me,no matter what,no matter how fake the money is,u still feel bad seeing losing like 10k bucks one nite),we really should become a lil bit aggressive to bid more!!!I think this coming week,ill bid like 4 or 5 contracts,kinda gambling but try to based on news!!Then this game gonna be more risky and chanllenge and im pretty sure ill be moreeee addicted to check the price :p Since we dont hv the guts to really gamble our real money in the real world,y not become a lil bit “risky”in trade GAME??
I hope we can make progress on analysing news.we should broaden our mind to think about currency(even tho my mind block to demand n supply)we should try to force ourselves to be open to more news about currency:)
I hope next sunday i can get comments from u telling me how good u think a lil bit about currency hahahaha!!!
Good luck!!!!